consequence, increases in public investment are particularly necessary. Against this background this contribution discusses and … growth pact (SGP), Fiscal Compact (FC)). Such a rule would exempt public (net) investment suitably defined from the relevant … upgraded and receive larger room for manoeuvre and public investment as a particularly growth enhancing public expenditure …

constraints of the SGP has driven many member states into austerity. In contrast, the golden rule of public investment proposed in … public finance and would allow financing net public investment by government deficits thus promoting intergenerational … fairness as well as economic growth. A pragmatic version focusing on net public investment as defined in the national accounts …

-creating nature and the intertemporal trade-offs involved in public investment decisions. This paper develops a perfect foresight … balance rule to shield public investment from undue budgetary pressures makes little sense in the presence of sustainability …

Over 2010-2016, municipal debt in Germany crowded out private investment worth 1 percent of GDP. Forced to lend to … firms in Germany's locally segmented credit markets. The ensuing crowding out was made worse by increased municipal …

The implementation of a golden rule of public investment as a necessary institutional reform and an important step …. The golden rule would exempt public (net) investment suitably defined from the relevant deficit targets of both the … be upgraded and would receive more room for manoeuvre and public investment as a particularly growth-enhancing public …

consequence, increases in public investment are particularly necessary. Against this background this contribution discusses and … growth pact (SGP), Fiscal Compact (FC)). Such a rule would exempt public (net) investment suitably defined from the relevant … upgraded and receive larger room for manoeuvre and public investment as a particularly growth enhancing public expenditure …

We empirically assess whether a usually expected negative response of private consumption and private investment to a … there is a fiscal consolidation; iii) there is a crowding-in effect for private investment, from fiscal contractions …

remain low and investment activity is weak. This questions current economic policies of the Economic and Monetary Union … investment volume of 315 billion Euro should be made available, enabled by 21 billion Euro of public money. The budget … expansive public investment conducted through these Synergetic Financial Instruments and thus gathers information to undertake …